No doubt, that this week is not only going to be important to the overall markets.
While
PYPL is, once again, at crucial support.
To me, the $49 area (.all time .786 on Log) remains a key point.
Closing the gap below that zone is kinda fine but already pretty overcrowded & obvious - making me leaning more to expect bears squeezing things further down. (e.g. after a little relief rally).
While
PYPL is, once again, at crucial support.To me, the $49 area (.all time .786 on Log) remains a key point.
Closing the gap below that zone is kinda fine but already pretty overcrowded & obvious - making me leaning more to expect bears squeezing things further down. (e.g. after a little relief rally).
Nota
While she made a new low and technically is good to reverse, I doubt the .786 remains untested.If she takes out the high at ~60 in five waves up, I'd be keen to trade the pullback - not taking it out/moving up in three waves only means lower (for me).
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.